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How are public Ivies in comparison to Ivies?

The “public ivies” aren’t an actual league of schools or organization, they are a group of state school’s that were rated as the best public universities in Richard Moll’s guide to public education in 1985. Later in 2001 Greene’s Guides to Colleges and Universities was released and listed several of the best public schools in each region as “public ivies” as they provided a comparable level of educational instruction to those of Ivy League schools. The Ivy League is by contrasts an official sports league that consists of eight schools in the northeast, the league was founded in the 1954.I don’t doubt think students at Ivies learn any more than students at public ivies. Warren Buffett put it best when he said, “accounting is accounting, you won’t learn it any differently at an Ivy than you would at any other state school.” Keep in mind, while the Ivies are among the best schools overall in the country, the public ivies are among the best public schools, so their students and faculty aren’t slouches. Many of these public ivies are extremely competitive and tough to get into (both UCLA and Berkeley have less than 20% acceptance rate).It’s really the career opportunities and international reputation you’ll be able to get at an Ivy League which makes people want to go, and why they are so competitive. Some of the public ivies may be able to give some of the ivies a run for their money in terms of careers, but this would really only be for specific fields in specific parts of the country (i.e. UC Berkeley grads going to work for major tech firms in Silicon Valley).The Ivy League:Harvard UniversityYale UniversityPrinceton UniversityColumbia UniversityThe University of PennsylvaniaDartmouth CollegeBrown UniversityCornell UniversityOriginal Public Ivies (1985):The College of William and MaryMiami University (Oxford, Ohio)The University of California (all campuses)The University of Michigan (Ann Arbor)The University of North Carolina (Chapel Hill)The University of Texas (Austin)The University or Vermont (Burlington)The University of Virginia (Charlottesville)Worth Runner-ups to the Original Public Ivies (1985):The University of Colorado, BoulderGeorgia Institute of TechnologyUniversity of Illinois at Urbana-ChampaignNew College of Florida (originally, New College of the University of South Florida)Pennsylvania State University (University Park)University of PittsburghState University of New York at Binghamton (aka Binghamton University)University of Washington (Seattle)University of Wisconsin - MadisonGreene’s Guides’ Public Ivies (2001):Northeast:Pennsylvania State University (University Park)Rutgers University (New Brunswick)State University of New York at Binghamton (aka Binghamton University)University of Connecticut (Storrs)Mid-Atlantic:University of DelawareUniversity of MarylandCollege of William and MaryUniversity of VirginiaSouth:University of Florida (Gainesville)University of Georgia (Athens)University of North Carolina (Chapel Hill)University of Texas (Austin)West:University of ArizonaUniversity of California (Berkeley, Davis, Irvine, Los Angeles, San Diego, Santa Barbra)University of Colorado (Boulder)University of Washington (Seattle)Mid-West:Indiana University (Bloomington)Miami University (Ohio)Michigan State University (East Lansing)Ohio State University (Colombus)University of Illinois (Urbana-Champaign)University of Iowa (Iowa City)University of Michigan (Ann Arbor)University of Minnesota (Minneapolis-St. Paul)University of Wisconsin-Madison

Which public universities are considered elite?

Q. Which public universities are considered elite?A.Forbes Top 25 Public Schools 2016Money The 15 Best Public Colleges in the U.S.Top Public Schools National Universities (USNews)Forbes Top 25 Public Schools 20161.United States Military Academy (West Point)2. United States Naval Academy3. United States Air Force Academy4. University of Virginia5. College of William and Mary6. University of California, Berkeley7. University of Michigan, Ann Arbor8.University of California, Los Angeles9. University of North Carolina, Chapel Hill10. University of Wisconsin, Madison11. University of Illinois, Urbana-Champaign12. University of Washington13. University of Florida14. University of Maryland, College Park15. Georgia Institute of Technology16. University of Texas, Austin17. University of Georgia18. United States Coast Guard Academy19. University of California, Santa Barbara20. Indiana University, Bloomington21. University of California, San Diego22. Virginia Tech University23. University of Minnesota, Twin Cities24. University of Colorado, Boulder25. University of California, DavisOffering powerhouse academics and deep-rooted traditions at no cost, the U.S. Service Academies have always been a leader of FORBES Top Colleges list, but this year they dominate the Top Public Schools list with the United States Military Academy coming in at No. 1, followed by the United States Naval Academy (No. 2) and the United States Air Force Academy (No. 3).Thomas Jefferson’s University of Virginia held steady at No. 4 and the 323-year old College of William and Mary, the second oldest in the nation, rose to No. 5. It is the first time in the past three years that all surpassed U.C. Berkeley, which came in at No. 6. UVA is known for its strong research performance, and the school is the beneficiary of $311 million in research awards and home to over 100 research centers. UVA Cavaliers are dominant sports contenders, as well, and its rival, Virginia Tech, also makes the top public schools list at No. 22.Even with Berkeley’s fall, many of the University of California schools continue to be a powerhouse on our Top Public Colleges ranking, with U.C.L.A. at No. 8, followed by U.C. Santa Barbara (No. 19), U.C. San Diego (No. 21), and U.C. Davis (No. 25).The best public schools in the country are not just limited to those on the nation’s coasts. They can be found all across the country, and five schools from the heartland of the country make this year’s cut: University of Michigan, Ann Arbor (No. 7), University of Wisconsin, Madison (No. 10) University of Illinois, Urbana-Champaign (No. 11), Indiana University, Bloomington (No. 20), and University of Minnesota, Twin Cities (No. 23). Those who graduate from UMich are among some of America’s greatest including: former Twitter CEO Dick Costolo, Google Cofounder Larry Page, former U.S. President Gerald Ford, singer Madonna, and NFL player Tom Brady.Recommended by ForbesThe 15 Best Public Colleges in the U.S.MONEYAug 02, 2016State colleges and universities are usually the most affordable option for in-state students and sometimes for out-of-staters as well. Many now have reciprocal arrangements with nearby states to provide discounted tuition rates to their residents.Due in part to their affordability, public colleges have become increasingly popular—and sometimes harder to get into—in recent years. They have also substantially improved their graduation rates on average, a statistic experts use as a key measure of educational quality.In MONEY magazine's recently released rankings of the 705 best-value colleges in the U.S., more state schools than ever before landed near the top. The University of Michigan at Ann Arbor ranked No. 2 (second only to Princeton), the highest ranking ever for a public university. In fact, public colleges took 11 of the top 20 spots on this year's list.These 15 state schools ranked the highest on MONEY’s overall Best Colleges list.To view MONEY's full "Top 50" list of public colleges, click here.Sources: U.S. Department of Education, Peterson's, PayScale.com, MONEY/College Measures calculations.Raftermen Photography—Georgia Institute of Technology (1)15. Georgia Institute of Technology-Main Campus, GAOverall MONEY rank: 35Estimated price 2016-17 without aid: $25,700Estimated price 2016-17 with average aid: $17,700Early career earnings: $63,800Average SAT/ACT score: 1360/30For in-state students, Georgia Tech is one of the lowest-cost technology-focused colleges in MONEY’s top 50. The typical student has SAT scores in the 700s, and undergraduate classes are known to be demanding. Georgia Tech students have ample opportunities to assist in faculty research, and they do well on the job market, reporting average annual earnings of $63,800 within five years of graduation.Read full profileMary Levin—University of Washington (2)14. University of Washington-Seattle Campus, WAOverall MONEY rank: 30Estimated price 2016-17 without aid: $27,800Estimated price 2016-17 with average aid: $19,700Early career earnings: $54,000Average SAT/ACT score: 1230/28The flagship Seattle campus of the University of Washington has emerged as one of the world’s leading research universities. UW is known for strong social science, business, medical, and engineering programs. Because of its proximity to Boeing’s manufacturing facilities, the school has a particular expertise in aeronautics and counts many astronauts among its alums.Read full profileL. Brian Stauffer—University of Illinois (3)13. University of Illinois at Urbana-Champaign, ILOverall MONEY rank: 22Estimated price 2016-17 without aid: $30,800Estimated price 2016-17 with average aid: $22,100Early career earnings: $56,800Average SAT/ACT score: 1355/29The University of Illinois at Urbana-Champaign is steadily building its reputation as a stellar research institution. The university is among the top 15 public schools on the National Science Foundation’s list of high research spenders and students have access to the country’s second largest university library system. (Only Harvard’s is larger.)Read full profileCourtesy of Clemson University (4)12. Clemson University, SCOverall MONEY rank: 21Estimated price 2016-17 without aid: $30,300Estimated price 2016-17 with average aid: $22,700Early career earnings: $53,100Average SAT/ACT score: 1245/29Clemson dates its history to 1889, when it was founded as an agricultural college. Today, it’s a major public research university, and while agricultural science continues to be one of the school’s specialties, agricultural students are outnumbered by those studying engineering or business.Read full profileStephanie Diani (5)11. University of California-Los Angeles, CAOverall MONEY rank: 20Estimated price 2016-17 without aid: $34,300Estimated price 2016-17 with average aid: $23,400Early career earnings: $52,200Average SAT/ACT score: 1300/28There’s a lot of star power at UCLA. The Theater, Film and Television school, among the best in the country, boasts scores of alumni in movies and on television, including Mayim Bialik, George Takei, Jack Black, and Ben Stiller.Read full profileJohn T. Consoli— University of Maryland College Park (6)10. University of Maryland-College Park, MDOverall MONEY rank: 19Estimated price 2016-17 without aid: $25,300Estimated price 2016-17 with average aid: $17,600Early career earnings: $54,500Average SAT/ACT score: 1310/NAThe University of Maryland, College Park is the state’s flagship university, and with some all-star faculty power, it’s also one of the nation’s top public research universities. The faculty roster boasts three Nobel laureates, two Pulitzer Prize winners and, thanks to the campus’s proximity to the District of Columbia, leaders in major positions at federal agencies such as NASA and the National Institutes of Health.Read full profileJohn McCormick (7)9. Virginia Polytechnic Institute and State University, VAOverall MONEY rank: 18Estimated price 2016-17 without aid: $26,900Estimated price 2016-17 with average aid: $22,600Early career earnings: $55,300Average SAT/ACT score: 1220/NAVirginia Polytechnic and State University, or Virginia Tech, is a leader in using technology to teach—and have fun. The campus Math Emporium is a former department store that houses hundreds of computers programmed with math tutoring lessons that have boosted students’ math success rates.Read full profileGregory Urquiaga (8)8. University of California-Davis, CAOverall MONEY rank: 17Estimated price 2016-17 without aid: $35,100Estimated price 2016-17 with average aid: $26,900Early career earnings: $51,000Average SAT/ACT score: 1195/26One of several highly ranked public universities in California, the University of California–Davis has made a name for itself as an affordable school that produces results. About 43% of the student body is considered low-income, but the university still has a six-year graduation rate of 83%, well above the average for schools with a comparable population of students.Read full profileDaniel A. Anderson—UC Irvine (9)7. University of California-Irvine, CAOverall MONEY rank: 16Estimated price 2016-17 without aid: $32,900Estimated price 2016-17 with average aid: $25,500Early career earnings: $50,600Average SAT/ACT score: 1130/24One of the youngest campuses (51 years old) in the state’s public university system, Irvine is already among the world’s most respected research institutions, with three former faculty members who’ve received Nobel Prizes. Undergraduates also thrive: Although more than 40% of students come from low-income families, 86% of freshmen go on to graduate—an impressive 41% more than the average for schools with a similar student body.Read full profileKristen Bartlett Grace—University of Florida (10)6. University of Florida, FLOverall MONEY rank: 15Estimated price 2016-17 without aid: $21,400Estimated price 2016-17 with average aid: $15,500Early career earnings: $49,700Average SAT/ACT score: 1265/29The University of Florida is one of the best bargains in higher education. Tuition is just $6,300 a year for Floridians, and 89% of undergraduates get state or other grants. Those numbers pay real dividends, as well: About 32% of students come from low-income families, but 87% graduate within six years, nearly 26% higher than is typical for schools with similar student bodies.Read full profileJohn Durant (11)5. University of California-San Diego, CAOverall MONEY rank: 14Estimated price 2016-17 without aid: $32,500Estimated price 2016-17 with average aid: $24,700Early career earnings: $53,700Average SAT/ACT score: 1280/28One of the top research universities in the world, the University of California–San Diego is renowned for its science programs and its great teachers. Lin Chao, who teaches evolution and ecology, gets top student marks (and teaching awards) for describing complex science concepts through stories.Read full profileCourtesy of Texas A+M—Texas A&M 2014 (12)4. Texas A & M University-College Station, TXOverall MONEY rank: 13Estimated price 2016-17 without aid: $23,900Estimated price 2016-17 with average aid: $15,900Early career earnings: $55,100Average SAT/ACT score: 1180/26With some 46,000 undergraduates, Texas A&M is the largest school in MONEY’s top 50. It’s also one of the most affordable for in-state students. Almost a quarter of students come from low-income families, and Texas A&M accepts 71% of applicants. Best known for its business, agriculture, and engineering programs, TAMU also has one of the country’s largest programs in recreation, park, and tourism management.Read full profileCole http://Geddy—U.Va. Public Affairs (13)3. University of Virginia-Main Campus, VAOverall MONEY rank: 9Estimated price 2016-17 without aid: $28,100Estimated price 2016-17 with average aid: $12,000Early career earnings: $55,400Average SAT/ACT score: 1355/31Known as a “public Ivy,” the University of Virginia offers in-staters a top-notch education with one of the country’s lowest total college costs. What’s more, students live and study inside a UNESCO World Heritage Site (the only U.S. college to have that designation), featuring a spectacularly beautiful campus designed by university founder Thomas Jefferson.Read full profileVirginia Yeh (14)2. University of California-Berkeley, CAOverall MONEY rank: 5Estimated price 2016-17 without aid: $35,700Estimated price 2016-17 with average aid: $25,300Early career earnings: $60,300Average SAT/ACT score: 1355/30UC-Berkeley, or Cal for short, is one of the most selective public colleges in the country, and 91% of freshman graduate within six years, well above even other elite public schools. A respected research institution, Cal gives students access to a faculty that includes numerous MacArthur “geniuses,” Pulitzer Prize winners, and Nobel laureates.Read full profileAustin Thomason—UM Photography, A. Thomason (15)1. University of Michigan-Ann Arbor, MIOverall MONEY rank: 2Estimated price 2016-17 without aid: $28,100Estimated price 2016-17 with average aid: $14,300Early career earnings: $59,000Average SAT/ACT score: 1380/30Who wouldn’t want to be a part of an alumni association that has a chapter on the moon? The crew of Apollo 15, all U-M grads, actually left a club charter behind on the lunar surface. One of the country’s most affordable elite schools, the University of Michigan accepts less than a third of the nearly 50,000 students who apply annually.Read full profileTop Public Schools National Universities (USNews)Public colleges and universities typically operate under the supervision of state governments and are funded, in part, by tax dollars and subsidies from the state. As a result, these universities often offer discounted tuition to residents of their states. Public schools run the gamut from small liberal arts colleges to large research institutions. These are the highest-ranked public colleges and universities in the 2017 Best Colleges rankings, listed according to their ranking category.

Does mostly everyone at Goldman Sachs come from an Ivy League school?

Not by a long stretch. I’ll explain where they do come from in a moment, but first let’s consider this proposition based on math.Starting just with entry level hires from the traditional campus recruiting program, the firm hires around 1,000 per year in the US alone, across all divisions. Even if it wanted to recruit solely from the Ivy League (and it doesn’t, even if it could), there aren’t even close to enough candidates at the Ivys who are interested, qualified, and the right fit for the work to meet that level of need.Moreover, like all leading firms in financial services and beyond, Goldman has made it a central goal of its hiring and talent strategy to diversify its workforce in as many dimensions as possible. Hiring 100% of its entry-level hires from just 8 schools would be completely antithetical to that objective.In fact, if you examined the schools represented in each year’s entry-level intake, you’d find they numbered in the dozens - and perhaps more.None of this takes into account that an organization of 35,000-odd people typically needs to hire around 5,000–7,000 people per year just to stay at that size and respond to ever-changing business needs and priorities. That means that far more people are hired laterally as ‘experienced hires’ than are hired through the campus programs. Again, this is typical of all similar organizations.And that lateral intake is even more diverse in terms of educational background than the campus intake. If you took a snapshot of the entire employee population at any given point in time, my bet is that globally you’d find up to a thousand universities and colleges represented. Certainly many hundreds.All of the above said, if you’d like to know which US colleges and universities that are not in the Ivy League provide the best chances of entry into prestige jobs at elite investment banking firms, I’d say the following is a pretty good list:Private Universities:StanfordMITDukeNYUChicagoNorthwesternNotre DamePublic / State UniversitiesUC BerkeleyUniversity of Michigan (Ann Arbor)University of Texas - AustinUniversity of VirginiaUniversity of IllinoisUniversity of Indiana - BloomingtonUniversity of North Carolina - Chapel HillLiberal arts colleges:WilliamsMiddleburyAmherstWellesleySwarthmoreHaverfordBentleyBowdoinThese lists are by no means exhaustive, and I’m sure I’ve missed some here and there.But it’s a good start.

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